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Map
516 RAPID FALLS DRIVE
About This Property
Inside, the home is ready for your personal touch and updates, offering a great opportunity to customize to your style. The split-bedroom floor plan provides privacy, while the open living and dining areas create a comfortable flow for everyday living and entertaining. Step outside to the pool and enjoy summer days and cook outs with family.
Take a quick ride to Paul Sanders Park, known for its shaded playgrounds, walking areas and dog friendly space. Conveniently located close to shopping, dining, downtown and Highway I-75 & I-4. HOA is only $170/yr, no CDD and Non-Flood zone!
With its prime location and solid bones, this home is the perfect canvas to create your dream space. Don't miss your chance to transform this Highland Ridge gem!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 13, 2026 | Price Decreased |
$335,000
↓ $10K
(2.9%) | |
| Price Decreased | |||
| Apr 9, 2026 | Price Decreased |
$345,000
↓ $14K
(3.9%) | |
| Price Decreased | |||
| Mar 25, 2026 | Price Decreased |
$359,000
↓ $6K
(1.6%) | |
| Price Decreased | |||
| Jan 17, 2026 | Price Decreased |
$365,000
↓ $10K
(2.7%) | |
| Price Decreased | |||
| Nov 24, 2025 | Price Decreased |
$375,000
↓ $10K
(2.6%) | |
| Price Decreased | |||
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About Highland Ridge
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$2,000 /mo
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$2,300 /mo
- 4 Beds
- 2 Baths
- 1,558 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017